Taipei: HTC Corp, Asia’s second-largest phone maker by market value, forecast record shipments and revenue as demand rises for touchscreen phones and the company builds its brand in China.

Third-quarter revenue will be about NT$ 137 billion (Dh17.45 billion), with shipments climbing to 13.5 million units, the Taoyuan, Taiwan-based company said in a statement today. The average of 18 analyst estimates compiled by Bloomberg is for sales of NT$ 135 billion.

Demand for phones with touchscreens and faster download speeds continues to push HTC to record revenue and shipments, while lower prices are driving profit margins down. A patent dispute with Apple Inc. has prompted the company to spend more than $ 375 million acquiring patents this year,…………… continues on gulfnews.com